McGlone Suttner Wealth Management Inc. Acquires 2,414 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

McGlone Suttner Wealth Management Inc. lifted its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 20.8% in the fourth quarter, HoldingsChannel reports. The fund owned 14,022 shares of the company’s stock after buying an additional 2,414 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,852,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in shares of SPDR S&P Dividend ETF by 13,497.7% in the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after purchasing an additional 1,165,660 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of SPDR S&P Dividend ETF by 13.5% in the third quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock valued at $147,161,000 after acquiring an additional 122,858 shares during the period. Argent Capital Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $14,644,000. Sanctuary Advisors LLC bought a new position in SPDR S&P Dividend ETF during the 2nd quarter valued at approximately $10,044,000. Finally, Synovus Financial Corp increased its stake in shares of SPDR S&P Dividend ETF by 88.6% during the third quarter. Synovus Financial Corp now owns 89,572 shares of the company’s stock valued at $12,723,000 after buying an additional 42,078 shares during the period.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $133.92 on Friday. The company has a market capitalization of $21.19 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a one year low of $121.52 and a one year high of $144.45. The company’s 50-day moving average is $136.34 and its 200 day moving average is $137.16.

SPDR S&P Dividend ETF Profile

The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years.